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InvstingWise

NZDUSD long term short opportunity

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
InvstingWise Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Harmonic Patterns Wave Analysis Trend Analysis expanded-flat Fibonacci Extension Fibonacci Retracement abcpattern
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harmonicpatterns waveanalysis trendanalysis expanded-flat fibonacciextension fibonacciretracement abcpattern
Last move will complete the abc expanded flat, close to 78.6 fib area. Under these conditions, bearish momentum will build up and could potentially drive price impulsively to 0.67 area. Simultaneously, two bearish harmonic patterns will be completed.
Comment:
Those who were long made some nice pips. Now it's time to short but move your stops accordingly cause 0.703 area could trigger another leg up to 0.725 level.
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